DailyTech
previously reported that Google was developing an online payment system called
"GBuy." The system is one of many systems under development from
Google, to make it easier for online users to pay for items they buy through a
trusted source, in this case, Google. However, news is out this week that GBuy
is turning out to be much more than a PayPal competitor -- Google has plans to
turn it into an eBay competitor as well.

According to several reports circulating around, Google will be launching its
GBuy service later this month, presumably on the 28th. Google has not been
speaking much about GBuy since the first few details of it were released to the
public. Other Google services such as Calendar, Finance and Spreadsheet have
been taking the lime light.

Analysts had expected that GBuy was going to launch soon primarily because earlier
this year, eBay and
Yahoo announced an agreement to co-operate together, to improve each
other's traffic. Google is expected to leverage its AdSense and AdWords
programs into GBuyin a
similar fashion that it has done with GMail.

Some reports and analysts suggest that judging by Google's history; it may not
charge any fees to post a sale on its service. This would quickly gain Google a
client base that is accustomed to Google's "free and everywhere"
model. Whether or not that this mode will last for GBuy however, remains to be
seen.

"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings